Tech
Top Australian Funds of FY24 Beat Bitcoin and Big Tech with Smart Bets on Small Caps
It was savvy bets at the smaller end of the market that helped Australian fund managers catapult returns over the past 12 months, suggesting that the limited rally in bitcoin and US tech giants may finally be broadening.
Cryptocurrency investor Merkle Tree Capital was the best-performing fund manager, returning 120% for the 2024 financial year, according to preliminary data from research firm Morningstar.